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20121201
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mohammed al ariane has probably been more of a proponent of the new normal. i don't know whether that's a pimco idea, the firm that pimco came up with following the fiscal crisis -- not the fiscal -- financial crisis. if you still believe that, what if we never get to 6.5%. >> well, hi, joe. it's great to see you. you're exactly right. just a month ago chairman bernanke for the first time acknowledged that the u.s. has structurally lower economic growth. but we've been calling the new normal for the last few years. and you're exactly right. that means the fed, if you combine that with yesterday's announcement, that means the fed is going to be exceptionally easy for a long time, and that it could be a couple years or could be three, four years, maybe even longer, because unemployment is now structurally higher. we hope it's 6.5% is not the new naru, the new minimum unemployment. certainly it is increasing. the longer people stay unemployed the more structural it becomes. the fed is really in a box here. they're trying to engineer financial market outcomes. trying to raise the prices o
, mohamed morsi, staging a new demonstration in tahrir square. he says he will not stop an upcoming constitutional referendum or place himself above the courts. >>> suing nbc over a portrayal of him, editing 911 recordings to make it appear that zimmerman was racist. nbc disputes the accusations and plans to defend itself in court. >>> actor stephen baldwin owes $53,000 in back taxes and penalties. he plead not guilty. the actor handed over a check for $100,000 as a good faith down payment on what he owes. baldwin is due back in court in february. >>> a surprise jump in the number of jobs in november. 146,000 jobs added last month. that's nearly double what some economists had expected. joining me now is former economic adviser to the romney campaign and director of economic policy studies at the american enterprise institute. good morning to you. >> morning. >> give me your take on these numbers. >> very solid report, the fact that we've been growing. and we expected it to drop a lot because of all the problems that they had in the new york area. but that didn't happen. what we see
's a very short list. one name on it. >> short list of one. >>> live pictures of a pro president mohamed morsi rally in cairo. she a members of the opposition say the constitution is too islamist and infringes on minority rights. protesting outside the presidential palace right now. >>> new this morning, a 6.4 magnitude earthquake off the coast of baja. so far, no tsunami warnings. >>> clackamas town center will reopen to shoppers in six hours. that's the mall where a gunman killed two people on tuesday and critically wounded a third before killing himself. a candle-light vigil will be held outside the mall. >>> a funeral for fallen dallas cowboys player jerry brown. brown was killed in a suspected drunk driving accident on saturday. his teammate and friend josh brent was behind the wheel. you are looking at new dashcam video of the wreck released by police along with 911 calls they received in moments after the accident. >> is anybody injured? >> i don't know. i just drove past it. looks like it just happened. a car upside down. >> josh brent is free on half a million dollars bail. he's
, the response is nothing. mohammed's son tells us, "today, i sent my brother to get bread at 6:00 a.m." look, it's 3:00 p.m. right now and he hasn't gotten any. the kids haven't eaten." the power is out, as it has been for weeks. and now the water is cut as well. there is a growing sense of desperation among people here. stalked by both hunger and danger. "god gave me these children. these children are my responsibility," the man laments. now i can't even get them a loaf of bread. before, i could. now, i can't. the price of bread has skyrocketed due to a flour shortage. along with it, a population's anger. the situation is so dire that people say society is beginning to disintegrate. this is yet another bread line. we were just at one further up the road where the crowd ended up mobbing around us, furious. they said that they wanted us to leave because they were fed up with people filming them. they feel as if the world is simply mocking their misery. and just four days, the cost of fuel jumped from 85 syrian pounds to 150. but beyond the now astronomical cost of survival, it's the constant fear
out in tahrir square. also amassing supporters of president mohamed morsi and a controversial vote this weekend on a new constitution. today as you might imagine, tensions are very high as the political crisis threatens to ignite new conflicts. reza, what is happening now? >> reporter: ted, i don't think too many people want a repeat performance what have we saw last week, at the presidential palace where the two sides of the conflict met here and came to blows, nearly 700 people injured in clashes, several people killed. today the stage is set for another potentially violent and explosive day, because both these sides again have called for mass demonstrations within the next hour, opposition factions, critics of the president, have set out on marches that are going to culminate here at the presidential palace. in about 15, 20 minutes away from this location, that's where the muslim brotherhood, the supporters of the president, have called for their own demonstrations. i think a lot of people are relieved that these demonstrations aren't going to be at the same location but the pot
president mohamed morsi's power grab. we've seen what he's done over the last couple of weeks. these protests are in response to several decrees issued by morsi that gives him near absolute power. last night an estimated 10,000 people crowded in the center of alexandria. tens of thousands rallied in tahrir square. and 100,000 demonstrated in front of the presidential palace. >>> and back here in tus, a busy economic calendar. we get the adp employment report, which is -- i don't know whether it's better or worse now. we'll see. >> they're looking at -- oh, private payrolls. >> coming in at 125 in private jobs. >> 79,000 or 80,000, which was closer to the total number. >> we must still be losing government jobs. 8:30 eastern, a revision to third quarter productivity and costs. and then later this morning, a november ism number, but it's nonmanufacturing. here's a few early stocks to watch. facebook is going to join the fa face the nasdaq indix. pandora media is lowing its fourth quarter guides. they are worried about the fiscal cliff. shares dropped after hours. that's not wher
Search Results 0 to 5 of about 6